Madoff Trustee Wins Bid To Limit Exhibits At Merkin Trial

Law360, New York (August 2, 2017, 4:47 PM EDT) -- Disgraced financier J. Ezra Merkin will not be able to point to the positive performance of certain funds that performed as well or better than his investments in Bernie Madoff’s defunct firm at an upcoming trial over Ponzi scheme proceeds, a New York bankruptcy judge ruled Wednesday.

In granting a request by the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC, U.S. Bankruptcy Judge Stuart M. Bernstein blocked Merkin and related entities from introducing certain exhibits that weren't produced during discovery. The order...